Financial review
Summarised consolidated statement of changes in equity
for the year ended 31 March
| Download (EXCEL) |
| Share capital(1) R'm |
Other reserves(2) R'm |
Retained earnings R'm |
Non- controlling interests R'm |
Total equity R'm |
|
| Balance at 1 April 2017 | – | (9 721) | (3 157) | (1 037) | (13 915) |
| Profit for the year | – | – | 1 456 | 1 082 | 2 538 |
| Other comprehensive income | – | 3 621 | – | 526 | 4 147 |
| Total comprehensive income for the year | – | 3 621 | 1 456 | 1 608 | 6 685 |
| Share-based compensation movement | – | – | 75 | – | 75 |
| Transactions with non-controlling shareholders | – | – | 76 | (79) | (3) |
| Foreign exchange movements on equity reserves | – | (1 056) | – | (443) | (1 499) |
| Contribution from parent(3) | – | – | 9 409 | – | 9 409 |
| Dividends declared | – | – | (5 353) | (1 392) | (6 745) |
| Balance at 1 April 2018 | – | (7 156) | 2 506 | (1 343) | (5 993) |
|---|---|---|---|---|---|
| Change in accounting policy (note 1) | – | – | 17 | 18 | 35 |
| Restated balance at 1 April 2018 | – | (7 156) | 2 523 | (1 325) | (5 958) |
| Loss for the year | – | – | (1 644) | 368 | (1 276) |
| Other comprehensive income | – | (5 078) | – | (287) | (5 365) |
| Total comprehensive loss for the year | – | (5 078) | (1 644) | 81 | (6 641) |
| Share-based compensation movement(4) | – | – | 3 246 | 60 | 3 306 |
| Transactions with non-controlling shareholders | – | – | (218) | 19 | (199) |
| Foreign exchange movements on equity reserves | – | (211) | – | (115) | (326) |
| Contribution from parent(5) | – | – | 26 356 | – | 26 356 |
| Dividends declared(6) | – | – | (5 280) | (1 463) | (6 743) |
| Balance at 31 March 2019 | – | (12 445) | 24 983 | (2 743) | 9 795 |
| Notes | ||
| (1) | Upon unbundling from Naspers Limited on 4 March 2019, 438 837 468 ordinary shares were issued at nominal value. | |
| (2) | Other reserves include the hedging reserve, fair-value reserve and foreign currency translation reserve. | |
| (3) | Relates primarily to related party loan waivers between the group and Naspers Limited group companies. This includes a loan waiver of R7bn from Buscapé Company Limited (a Naspers group company). | |
| (4) | Includes empowerment transaction of R2.6bn (refer to note 6). | |
| (5) | Relates to contribution of businesses and the capitalisation of loans as part of the unbundling from Naspers Limited (refer to note 9). | |
| (6) | Relates to dividends paid by companies in the group to previous legal owners. Non-controlling interest relates to dividends paid primarily to Phuthuma Nathi. | |